Issue Highlights:

Hello ,

Happy New Year and welcome to our first e-newsletter for 2010.

With 2009 behind us the general consensus is 2010 will be a much better year for business and one thing is for sure, technology will continue to play a core role in every professional service firm.

Timekeeping and productivity analysis continues to play a key role in measuring your business performance. In addition to good time management, organisation of your client files (including correspondence and documents) is also key to ensuring a smooth running office.

January should be a time for measuring your business's performance in 2009 and developing your strategies for 2010.

Timeslips has the reports and the data to help you do this, both now and throughout the coming year.

One feature of Timeslips which is often overlooked is the Staff Overhead Rate. Calculating an overhead rate for each staff person and then comparing this to their billings will help you determine if the hourly charge out rate you are using is correct.

Chris Whelan from CL Whelan and Associates has written a manual on Costing and Pricing for Service Providers. Click here to learn more about how this manual can assist you in calculating your Staff Overhead Rate.

- Michele

The entrepreneur always searches for change, responds to it, and exploits it as an opportunity - Peter F. Drucker

Back to top»

Guide to Costings and Pricing for Service Providers

At TDMS our number one priority is to make sure you know how to reap all the benefits you can from your software investment. Are you sure you are getting everything you can from Timeslips?

We offer in-depth Timeslips training sessions that teach you how to take advantage of every advanced reporting and tracking feature available.

Do your staff need motivation to use Timeslips?

We can help you educate them on the best way to utilise Timeslips and make it quick and easy to enter their time on a daily basis.

Enquire today about Timeslips training and kickstart your way into 2010.

Question

Response

How has TimeMatters® impacted on efficiency in your office?

TimeMatters® allows us to generate a lot of work quickly, saving time and money. TimeMatters® is suitable for any firm - from the smallest to the largest firm.

Have you found the software to be adaptable to your needs?

TimeMatters® screens can be configured for each matter type as required.

Do you find it easy to access information about your clients?

With the ability to relate any number of contacts to a particular matter, details are readily available (automatic dialing by clicking the dial button) when you want to phone someone.

How do you use document automation features to improve productivity?

Precedents (ie Law Society precedents) can be adapted with ease to work with TimeMatters® merge facility - Microsoft Word or Hot Docs. We use MS Word to generate our documents.

How does TimeMatters® help you manage project timelines?

Deadlines are very important. This simple to set up feature of TimeMatters® warns us that an important date is coming up. As a law firm - missing a deadline can be a disaster.

TimeMatters® helps you save time and increase your profitability by capturing and effectively managing day-to-day information and activities related to jobs/matters and contacts.

It's flexibility and ease of use has made it a leader in business and practice management software, and an indispensible tool for many busy offices of all sizes throughout the world.

Back to top»

*Important Notice to all Timeslips 2007 and lower users:

Timeslips 2007 and all lower versions are no longer supported by the manufacturer (SAGE US) and we encourage you to upgrade to the most current release in order to be eligible for support and to be compliant with new operating environments.

TDMS is the face of Timeslips in Australia & New Zealand, so please contact us with any questions you may have.